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IT Manager's Journal: IT Investor's Journal: Jockeying Behind the Scenes at SCO Group

May 11, 2004, 18:15 (4 Talkback[s])
(Other stories by Melanie Hollands)

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"The fact that BayStar is buying SCOX stock from RBC seems to contradict BayStar's April 16, 2004 statement that it intended to redeem its $20 million investment in SCO Group's PIPE deal. At that time, BayStar cited several instances of SCOs breach of contract. However, by buying a large portion of RBCs holdings it's possible BayStar is looking for a way to force a change of management at SCO Group..."

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